The budget reaffirms continued focus on Infrastructure and programmes such as Smart City mission, AMRUT, NMCG, the Regional Connectivity Scheme (UDAAN) etc. as can be seen by increased outlay by 20% from the previous year. The key takeaway form this budget is the thrust on social and rural infrastructure including health, education, housing, agri-value chain and penetration of digital infrastructure.

The construction business involves multitudinous challenges from the starting or conceptual stage which should be identified, analysed and taken care of to overcome these challenges and taste success in the construction business.

Tulip Infratech, a renowned real estate company in India, plans to diversify into infrastructure and construction sector as it looks to step up presence in the country’s high-potential Infrastructure sector. The real estate firm is looking for collaborations in this sector, is exploring options and hopes to take a decision within the next few months.

In a bid to provide impetus to the real estate sector and support the reform measures taken by the government, National Real Estate Development Council (NAREDCO) - an apex body, formed under the aegis of Ministry of Housing and Urban Affairs will organise its 14th National Convention to be held in New Delhi on August 28-29, 2017.

The recent Cabinet reshuffle and the appointment of Narendra Singh Tomar to lead the Ministry of Housing and Urban Affairs is seen as a welcome move by industry veterans. Real estate industry body Naredco has hailed the appointed of Tomar to lead the Ministry of Housing and Urban Affairs.

India’s leading apex body for real estate sector, National Real Estate Development Council (NAREDCO) has welcomed the provisions of the Finance Bill 2017, under which government has proposed to award infrastructure status to affordable housing segment.

The Union Budget 2017-18 has now set in motion a series of structured reforms process for the housing sector in the country. The announcements made in the Finance Bill focuses on the upliftment of the urban poor and the under privileged within our cities and rural areas.

Talk about an action-packed year! With RERA, GST, the Benami Act, FDI reforms, and more, there was never a dull moment in 2016. Adding to it all was the landmark day for India- November 8, 2016 - when demonetisation was announced.